Market News
Publish Date: May 18th, 2012 at 2:05 pm
Wealth Strategies: Facebook could see bumpy road
May 18 - The next 48 hours could be volatile for Facebook shares after the $100 bln dollar company sees its launch on the NASDAQ delayed by about 30 minutes, according to Bruno Del Ama, CEO, Global X Funds.
Publish Date: May 18th, 2012 at 2:05 pm
Obama welcomes Hollande to White House
May 18 - U.S. President Barack Obama says the Group of Eight should focus on ways to promote growth alongside budget cuts to help ease the euro zone crisis -- at his first meeting with French President Francois Hollande at the White House. Rough Cut (no reporter narration).
Publish Date: May 18th, 2012 at 1:05 pm
Mark Zuckerberg thanks Facebook employees, supporters at IPO launch
May 18 - At the launch ceremony of Facebook's IPO, CEO Mark Zuckerberg tells employees and supporters to stay focused as the company enters a new phase as a publicly traded company. Rough Cut (no reporter narration).
Publish Date: May 18th, 2012 at 1:05 pm
Anti-gay protesters attack activists in Russia
May 18 - Several gay activists are injured as anti-gay protesters attack them after a gay rights demonstration in Russia's second city, St Petersburg. Sunita Rappai reports.
Publish Date: May 18th, 2012 at 1:05 pm
Facebook debut adds to IPO frenzy
May 18 -Shares of Facebook jumped as high as 18 percent in opening trade after raising more than $16 billion in one of the biggest U.S. initial public offerings. Conway G. Gittens reports.
Publish Date: May 18th, 2012 at 12:05 pm
Trading at Noon: Facebook Makes its Debut
May 18 - Facebook shares open 13 percent higher at $42.05, after the social network site raised as much as $18.4 billion in one of the biggest IPOs in U.S. history.
Publish Date: May 18th, 2012 at 10:05 am
Al Qaeda in Syria? U.N. mission chief considers
May 18 - The U.N. mission chief in Syria says it would be a "worrying development" if al Qaeda was involved in last week's Damascus suicide bombing. Sarah Sheffer reports.
Publish Date: May 18th, 2012 at 10:05 am
Newly-elected Hollande arrives in U.S.
May 18 - Newly-elected French President Francois Hollande arrives in the United States for a meeting with President Barack Obama ahead of the G8 summit. Rough Cut (no reporter narration).
Publish Date: May 18th, 2012 at 11:05 am
Queen Elizabeth welcomes royals for lunch
May 18 - Royals arrive at Windsor castle for lunch with Queen Elizabeth II as part of the Diamond Jubilee celebrations. Rough Cut (no reporter narration).
Publish Date: May 18th, 2012 at 10:05 am
3XSQ: Under the Hoodie - Facebook's big deal
May 18 - Analysts see Facebook climbing 50 percent to $57 or even higher on surging demand today.
Publish Date: May 18th, 2012 at 2:05 pm
Stocks on Track for Worst Week of 2012; Facebook Holds Gains
NEW YORK (TheStreet) -- Stocks were slumping again Friday as Facebook's massive initial public offering was a mixed bag and continued eurozone worries weighed on the broad market. Shares of the social networking giant finally began trading late Friday morning after a number of delays, opening at $42.05 and then rising as high as $45 before losing steam. The stock briefly ran back down to its initial pricing level of $38 and was recently sitting at $40.29, up 6%. Volume crested above 300 million with roughly two hours left in the session. There were numerous reports of problems with orders with CNBC saying that the IPO's underwriters stepped in to support the stock at one point when the Nasdaq exchange had issues delivering trade execution messages. Facebook's debut also turned out to be a negative for its fellow social media companies with Zynga down more than 10% and LinkedIn losing more than 4%. ... Click to view a price quote on FB.
Publish Date: May 18th, 2012 at 8:05 am
Stock Futures Rise Ahead of Facebook's Debut
NEW YORK (TheStreet) -- Stock futures were pointing higher Friday ahead of the hotly anticipated Facebook initial public offering, though eurozone troubles threatened to hamper the excitement. Futures for the Dow Jones Industrial Average were rising 52 points, or 42.5 points above fair value, at 12,465. Futures for the S&P 500 were up 6.5 points, or 4.9 points above fair value, at 1308, and futures for the Nasdaq were up 10.3 points, or 7.4 points above fair value, at 2515. Stocks fell for the fifth straight trading session Thursday, pulled lower by continued eurozone debt contagion worries and a disappointing read on manufacturing activity in the Philadelphia region. ... Click to view a price quote on FB.
Publish Date: May 17th, 2012 at 5:05 pm
Stocks Extend Losing Streak As Euro Concerns Dominate
NEW YORK (TheStreet) -- Stocks fell for the fifth straight trading session Thursday, pulled lower by continued eurozone debt contagion worries and a disappointing read on manufacturing activity in the Philadelphia region. The Dow Jones Industrial Average fell 156 points, or 1.2% to close at 12,442. The blue-chip index has now lost ground in five straight sessions, and 11 of the past 12 trading days. The S&P 500 dropped 19 points, or 1.5%, at 1304, and the Nasdaq shed 60 points, or 2%, to close at 2813. ... Click to view a price quote on WMT. Click to research the Retail industry.
Publish Date: May 17th, 2012 at 8:05 am
Stock Futures Mixed After Jobs Report
NEW YORK (TheStreet) -- Stock futures were trading mixed Thursday after weekly initial jobless claims came in unchanged and as eurozone fears continue. In Spain, a debt auction went relatively well but borrowing costs rose, highlighting worries about the country's economy and Greek debt contagian concerns. Futures for the Dow Jones Industrial Average were rising 12 points, or 7.5 points above fair value, at 12,586. Futures for the S&P 500 were up 0.1 points, or 0.3 points below fair value, at 1,322, and futures for the Nasdaq were down 0.5 points, or 2.9 points below fair value, at 2,557. ...
Publish Date: May 16th, 2012 at 5:05 pm
Stocks Finish With Mild Losses
NEW YORK (TheStreet) -- Stocks fell for the fourth straight session Wednesday as nagging worries about the political disarray in Greece and its future within the eurozone continued to weigh on sentiment. The Dow Jones Industrial Average fell 33 points, or 0.3%, to finish at 12,598. The blue-chip index ran as high as 12,722 early in the session and closed just above its low for the day of 12,597. Sharper-than-expected increases in housing and industrial production data had inspired buyers earlier in the session but the market lost steam in the afternoon, similar to the pattern on Tuesday when stocks saw a steady decline in the final hour of trading. The Dow has now closed in the negative for 10 of the past 11 sessions. ... Click to view a price quote on DE. Click to research the Industrial industry.
Publish Date: May 16th, 2012 at 8:05 am
Stock Futures Up as Housing Starts Rise
NEW YORK (TheStreet) -- U.S. stock futures were rebounding Wednesday after a better-than-expected housing starts report helped divert some of the market's attention away from troubles in the eurozone. Futures for the Dow Jones Industrial Average were rising 63 points, or 70 points above fair value, at 12,668. Futures for the S&P 500 were up 7.8 points, or 7.8 points above fair value, at 1,336, and futures for the Nasdaq were ahead by 15 points, or 14.3 points above fair value, at 2,593. On Tuesday, the major U.S. equity indices all finished at their worst levels in more than three months as Greece's ongoing uncertainty continued to damage sentiment. ... Click to view a price quote on DE. Click to research the Industrial industry.
Publish Date: May 15th, 2012 at 5:05 pm
Stocks Succumb to Selling Pressure
NEW YORK (TheStreet) -- Stocks again finished in negative territory Tuesday as the failure of Greek political leaders to form a new government continued to damage sentiment. There were reports late in the volatile session that Greek banks were seeing heavier than normal outflows. The Dow Jones Industrial Average fell 63 points, or 0.5%, to finish at 12,632, its worst close since Jan. 31. The blue-chip index is now down in nine of the past 10 sessions and has lost more than 223 points, or 1.7%, in the past three days. ... Click to view a price quote on GRPN. Click to research the Internet industry.
Publish Date: May 15th, 2012 at 8:05 am
Stock Futures Rally on Strong German GDP
NEW YORK (TheStreet) -- Stock futures held onto strong gains Tuesday as signs of economic strength in Germany helped ease some eurozone fears brought on by Greece's political stalemate. Futures for the Dow Jones Industrial Average were rising 72 points, or 66.7 points above fair value, at 12,727. Futures for the S&P 500 were up 9.4 points, or 7.8 points above fair value, at 1,344, and futures for the Nasdaq were rising 22.8 points, or 21 points above fair value, at 2,608. Stocks tumbled Monday as Greece's inability to break a political impasse fueled speculation the country may eventually have to leave the eurozone and destabilize the entire continent. ... Click to view a price quote on GRPN. Click to research the Internet industry.
Publish Date: May 14th, 2012 at 5:05 pm
Stocks Tripped Up by Greek Political Disarray
NEW YORK (TheStreet) -- Stocks tumbled Monday as Greece's inability to break a political impasse fueled speculation the country may eventually have to leave the eurozone. Worries about the stability of the single-currency bloc were also being aggravated by Spain's financial health, the outcome of local elections in Germany, and weak regional economic data. The Dow Jones Industrial Average dropped 125 points, or 1%, to close at 12,695. The blue-chip index ranged from 12,661 to 12,819 during the session. ... Click to view a price quote on JPM. Click to research the Banking industry.
Publish Date: May 14th, 2012 at 9:05 am
Stock Futures Plummet on Greece, Eurozone Concerns
NEW YORK (TheStreet) -- Stock futures were pointing to a steeply lower open Monday on growing doubts about Greece's ability to stay in the eurozone. Worries about the stability of the eurozone were also being aggravated by Spain's financial health, the outcome of local elections in Germany, and weak economic data. Futures for the Dow Jones Industrial Average were falling 105 points, or 101.6 points below fair value, at 12,683. Futures for the S&P 500 were down 13 points, or 13.6 points below fair value, at 1337, and futures for the Nasdaq were down 23 points, or 24.8 points below fair value, at 2588. ... Click to view a price quote on JPM. Click to research the Banking industry.
Publish Date: May 11th, 2012 at 5:05 pm
Stocks Cap Down Week With Mixed Finish
NEW YORK (TheStreet) -- Stocks closed mixed Friday as the highest reading on consumer sentiment in more than four years limited the fallout from JPMorgan Chase's surprise $2 billion trading loss. The performance capped a second consecutive week of losses for the major U.S. equity indices with trading driven by resurgent worries about Europe following transformational elections in France and Greece that cast doubt on region's ability to commit to austerity. There were also signs of growing cracks in the Spanish banking system. The Dow Jones Industrial Average fell 34 points, or 0.27%, to close 12,820.60. The blue-chip index fell 1.7% for the week, and is now up 4.9% so far in 2012. ... Click to view a price quote on JPM. Click to research the Banking industry.
Publish Date: May 11th, 2012 at 8:05 am
Stock Futures Tumble on JPMorgan Loss
NEW YORK (TheStreet) -- Stock futures were retreating from the fallout of JPMorgan Chase's announcement that the bank's Chief Investment Office suffered a trading loss of $2 billion. The loss took place in its synthetic credit portfolio, offset by a $1 billion securities gain, as a strategy to re-hedge its portfolio backfired. Futures for the Dow Jones Industrial Average was falling 77 points, or 60 points below fair value, at 12,757. Futures for the S&P 500 was down 9.3 points, or 6.7 points below fair value, at 1348, and Futures for the Nasdaq was down 12 points, or 6 points below fair value, at 2607. ... Click to view a price quote on JPM. Click to research the Banking industry.
Publish Date: May 10th, 2012 at 4:05 pm
Stocks Hang On to Snap Losing Streak
NEW YORK (TheStreet) -- Stocks finished mixed on Thursday with the Dow Jones Industrial Average and the S&P 500 booking modest gains, but the Nasdaq unable to overcome Cisco's deep decline. Wall Street took a breather from the eurozone worries that have dented sentiment this week as Greece took steps to form a new government. The U.S. economic data also cooperated as weekly initial jobless claims held steady. The Dow gained a mere 20 points, or 0.2%, to finish at 12,855. Still, the blue-chip index managed to snap a six-day losing streak, its longest since August 2011. Earlier in the session, the Dow traded as high as 12,932. ... Click to view a price quote on ^DJI.
Publish Date: May 10th, 2012 at 9:05 am
Stock Futures Rise After Jobs Data
NEW YORK (TheStreet) -- Stock futures were ticking higher Thursday as the market cheered some better-than-expected U.S. economic data. Futures for the Dow Jones Industrial Average were rising 54 points, or 56.9 points above fair value, at 12,849. Futures for the S&P 500 were up 10.6 points, or 10.3 points above fair value, at 1362, and futures for the Nasdaq were up 13.5 points, or 14.9 points above fair value, at 2633. Stocks were driven lower Wednesday by persistent worries about the stability of Spain's banking system and Greece's future in the eurozone. ...
Publish Date: May 9th, 2012 at 5:05 pm
Dow Falls for Sixth Straight Session
NEW YORK (TheStreet) -- Stocks were driven lower again Wednesday by persistent worries about the stability of Spain's banking system and Greece's future in the eurozone. The deepest losses came early in the volatile session but a rebound off the lows that allowed the Nasdaq to briefly break into positive territory ran out of steam. The bounce was fueled by indications that eurozone officials still plan to release Greece's next round of bailout money this week, a move that will alleviate some near-term pressure on the country while its government is still in transition following this weekend's elections. The Dow Jones Industrial Average shed 97 points, or 0.7%, to close at 12,835, closing in the red for a sixth-straight session, its longest losing streak since August. ... Click to view a price quote on AOL. Click to research the Internet industry.
Publish Date: May 9th, 2012 at 8:05 am
Stock Futures Fall Amid Greece Uncertainty
NEW YORK (TheStreet) -- Stock futures were signaling a lower open Wednesday as investors remained deeply uncertain about Greece's future in the eurozone. Futures for the Dow Jones Industrial Average were shedding 77 points, or 92.1 points below fair value, at 12,790. Futures for the S&P 500 were falling 9.5 points, or 11.1 points below fair value, at 1349, and futures for the Nasdaq were losing 19.5 points, or 23.3 points below fair value, at 2603. U.S. stocks dropped Tuesday as political turmoil in Greece renewed concerns about the country's ability to meet the terms of its bailout and remain a member of the eurozone. ... Click to view a price quote on AOL. Click to research the Internet industry.
Publish Date: May 8th, 2012 at 4:05 pm
Stocks Drop on Greek Political Turmoil
NEW YORK (TheStreet) - U.S. stocks dropped Tuesday as political turmoil in Greece renewed concerns about the country's ability to meet the terms of its bailout and remain a member of the euro zone. The major U.S. equity indices did stage an impressive bounce off their lows late in the session though, provide some small silver lining for the bulls. The Dow Jones Industrial Average finished lower by 76 points, or 0.6%, to close at 12,932. The blue-chip index ran as low as 12,810 during volatile trading, a level unseen since intraday action on April 23. ... Click to view a price quote on MCD. Click to research the Leisure industry.
Publish Date: May 8th, 2012 at 8:05 am
Stock Futures Decline on Eurozone Fears
NEW YORK (TheStreet) -- Stock futures were sliding Tuesday as the political gridlock in Greece spooked investors. Reports that Spain will bailout the country's third-largest bank by assets, Bankia, was also adding to ongoing uncertainty in the eurozone. Futures for the Dow Jones Industrial Average were giving up 33 points, or 26.5 points below fair value, at 12,926. Futures for the S&P 500 were shedding 2.1 points, or 2.2 points below fair value, at 1364, and futures for the Nasdaq were losing 7.3 points, or 6.7 points below fair value, at 2629. ... Click to view a price quote on MCD. Click to research the Leisure industry.
Publish Date: May 7th, 2012 at 4:05 pm
Stocks Finish Mixed After European Elections
NEW YORK (TheStreet) -- Stocks barely budged Monday as Wall Street reacted with restraint to the shifting political landscape in Europe following weekend elections in France and Greece. The subdued response implies that investor worries about efforts to instill austerity in the eurozone as well as long-term questions about the overall stability of the single-currency bloc were already priced in to a large extent. The Dow Jones Industrial Average was down nearly 30 points, or 0.23%, to finish at 13,008.53. The blue-chip index sank as low as 12,970 earlier in the session. ... Click to view a price quote on T. Click to research the Telecommunications industry.
Publish Date: May 7th, 2012 at 8:05 am
Stock Futures Fall After European Elections
NEW YORK (TheStreet) -- Stock futures were falling early Monday after the outcomes of elections in Greece and France over the weekend stoked fresh concerns about eurozone stability. Futures for the Dow Jones Industrial Average were falling 39 points, or 64.3 points below fair value, at 12,918. Futures for the S&P 500 were down 4.1 points, or 7 points below fair value, at 1358, and futures for the Nasdaq were slumping 9.5 points, or 18.6 points below fair value, at 2616. Wall Street sold off Friday after investors learned that the United States added only 115,000 jobs last month, the latest disappointing piece of data pointing to sluggishness in the economy. ... Click to view a price quote on T. Click to research the Telecommunications industry.
Publish Date: May 5th, 2012 at 10:05 am
Europe Elections, Jobless Claims in Focus for Coming Week
NEW YORK (TheStreet) -- The French presidential election will get plenty of digital ink on Sunday, but it may not have much of an impact on U.S. markets in the coming week because Wall Street likely has priced in the expected victory of Francois Hollande over Nicolas Sarkozy. What's more likely to roil equities is the drama at the polls in Greece, where the population is frustrated with both the socialist and conservative parties. "That's why the Greek election is more important for the market, because what you may see is a template in Greece of citizenry just basically saying we don't want this austerity," said Quincy Krosby, Prudential Financial market strategist. ... Click to view a price quote on ^DJI.
Publish Date: May 4th, 2012 at 2:05 pm
Dow Slides on Weak Jobs Report
NEW YORK (TheStreet) -- Wall Street sold off Friday after investors learned that the U.S. added only 115,000 jobs last month, which stoked concern about the sluggish economy. Investors also dialed back risk on signs of weak business activity in Europe and ahead of French and Greek elections this weekend. The Dow Jones Industrial Average fell 168 points, or 1.3%, to 13,038. The S&P 500 finished down 22.5 points, or 1.6%, at 1,369, and the Nasdaq closed down 68 points, or 2.3%, to 2,956. ... Click to view a price quote on DUK. Click to research the Utilities industry.
Publish Date: May 4th, 2012 at 8:05 am
Stock Futures Mixed After Jobs Report
NEW YORK (TheStreet) -- Stock futures were trading mixed after Friday's nonfarm payrolls report from the Labor Department. Futures for the Dow Jones Industrial Average were up 6 points, or 2.6 points below fair value, at 13,149. Futures for the S&P 500 were up 1.1 points, or 0.8 points below fair value, at 1387, and futures for the Nasdaq were up 2.8 points, or 6.4 points below fair value, at 2695. The Labor Department reported a disappointing nonfarm payrolls number for April. Nonfarm payroll employment rose by 115,000 in April, falling short of the 170,000 jobs economists polled by Thomson Reuters were expecting. However, the March figure was upwardly revised to 154,000. ... Click to view a price quote on DUK. Click to research the Utilities industry.
Publish Date: May 3rd, 2012 at 4:05 pm
Stocks Finish Lower Ahead of Jobs Report
NEW YORK (TheStreet) -- A mixed batch of economic data sent stocks lower on Thursday as Wall Street showed some apprehension ahead of Friday's big April jobs report. Weekly initial jobless claims came in better than expected this morning, sending futures higher, but the optimism quickly faded. The majority of the other early headlines were negative as a report on activity in the U.S. services sector was disappointing and same-store sales for last month came in relatively soft. In addition, the European Central Bank left interest rates unchanged but commentary around the decision seemed to quash hopes for more near-term stimulus for the region. ... Click to view a price quote on KFT. Click to research the Food & Beverage industry.
Publish Date: May 3rd, 2012 at 9:05 am
Stock Futures Up; Jobless Claims Down
NEW YORK (TheStreet) -- Stock futures were rising Thursday following data showing a deeper than expected decline in initial jobless claims last week. Futures for the Dow Jones Industrial Average were rising 32 points, or 23.4 points above fair value, at 13,236. Futures for the S&P 500 were up 3.7 points, or 2.8 points above fair value, at 1401, and futures for the Nasdaq were up 8.3 points, or 5.1 points above fair value, at 2736. On Thursday, the Labor Department said that the advance figure for seasonally adjusted initial jobless claims for last week fell 27,000 to 365,000, from an upwardly-revised 392,000 the prior week. It was the largest weekly drop since early May 2011. ... Click to view a price quote on KFT. Click to research the Food & Beverage industry.
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